Euro 'could strengthen to $1.50'

A FORMER economic adviser to Bill Clinton shook up the Davos World Economic Forum this week.

Martin Bailey's comments that the dollar could slump to $1.50 against the euro has given those exercised about the dollar's future a little bit more to fret over for the weekend.

Republicans will brand the statement opportunistic and a cheap shot at their esteemed president George W Bush. They may be right to question Bailey's motives, and are probably also right about his judgment call on the currency.